Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $58.05 USD
Change Today +2.02 / 3.61%
Volume 3.4M
SCTY On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

solarcity corp (SCTY) Snapshot

Open
$56.07
Previous Close
$56.03
Day High
$58.22
Day Low
$55.79
52 Week High
08/8/14 - $79.40
52 Week Low
10/15/14 - $45.91
Market Cap
5.6B
Average Volume 10 Days
2.2M
EPS TTM
$-0.30
Shares Outstanding
97.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SOLARCITY CORP (SCTY)

solarcity corp (SCTY) Details

SolarCity Corporation designs, manufactures, installs, maintains, monitors, leases, and sells solar energy systems to residential, commercial, government, and other customers in the United States. It offers solar energy systems; solar lease and power purchase agreement finance products; mounting hardware for photovoltaic panels; and related software, as well as develops a proprietary battery management system, which is designed to enable remote, bidirectional control of distributed energy storage that can provide benefits to customers, utilities, and grid operators. The company also sells electricity generated by solar energy systems to customers. It offers its products and services through direct outside sales force; door-to-door sales force; call centers; channel partner network; and robust customer referral program. The company was founded in 2006 and is headquartered in San Mateo, California.

9,012 Employees
Last Reported Date: 02/24/15
Founded in 2006

solarcity corp (SCTY) Top Compensated Officers

Co-Founder, Chief Executive Officer and Direc...
Total Annual Compensation: $275.0K
Co-Founder, Chief Technology Officer and Dire...
Total Annual Compensation: $276.1K
Chief Financial Officer
Total Annual Compensation: $194.0K
Chief Operations Officer
Total Annual Compensation: $250.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $390.4K
Compensation as of Fiscal Year 2014.

solarcity corp (SCTY) Key Developments

SolarCity Introduces New Solar Energy Service

SolarCity introduced a new solar energy service that will make it possible for many small and medium-sized businesses (SMBs) to pay less for solar electricity than they pay for power from their local utility for the first time. SolarCity will initially offer its SMB service to owner-occupied business locations in California, but expects to expand it to the east coast and other territories in early 2016. Based on an analysis of SMBs in California, SolarCity expects to make it possible for many to pay between 5 " 25% less for solar electricity than they pay for utility power with no upfront cost, depending on their own utility costs and usage. The service will also include fixed, flat solar payments for 20 years, so if the utility rates increase in the future, customers can save even more. Installation: while most commercial solar developers subcontract installation, which lengthens installation time and significantly increases cost, SolarCity leverages its vast network of local installation crews to install projects for SMBs at a lower cost than any other provider in the category. SolarCity expects to reduce the cost to install small commercial solar projects by more than 30% by using its own crews and technology. Technology: SolarCity's proprietary, lightweight solar panel mounting system--ZS Peak [2]--allows SMBs to fit 20 to 50% more solar panels on each roof surface. ZS Peak also allows workers to install panels significantly faster than would otherwise be possible to reduce installation costs even further, and simultaneously increases solar energy production from each project. Financing: Solar projects for small and medium sized businesses have traditionally been very difficult to finance because SMBs do not have the formal investment grade credit ratings of large corporations, and also have no commercial equivalent to the FICO scores that are often the basis of consumer financing. SolarCity has teamed with Renew Financial to create a unique financing option for SMBs that combines low cost SolarCity structured financing with Property Assessed Clean Energy (PACE). The first rollout will be under the CaliforniaFIRST program. Under this offering, an SMB signs a standard commercial solar lease with SolarCity, SolarCity finances the upfront cost much as it would under a traditional solar lease or power purchase agreement, and in turn the PACE program allows the business to pay the solar payment on its property tax bill. Just as it does for other commercial customers under a lease or PPA, SolarCity coordinates solar financing and also handles installation, monitoring and maintenance for SMBs. For the SMB market, SolarCity will initially design solar energy system sizes between 30 " 500 kilowatts of generation capacity to businesses that own buildings with approximately 5,000 " 50,000 square feet of available flat roof space.

SolarCity Corporation Announces Board Changes

SolarCity Corporation announced that Bennet Van de Bunt informed the Board of Directors of the company of his decision to resign from the Board, effective as of July 20, 2015. The Board accepted Mr. Van de Bunt's decision. The Nominating and Corporate Governance Committee of the Board has recommended that Donald R. Kendall, Jr. be appointed to the Compensation Committee of the Board. It is anticipated that the Board will act upon the recommendation of the Nominating Committee at the next Board meeting.

SolarCity Corp. Offers Series of Solar Bonds for Combined Maximum Principal Amount of Up to $25 Million

SolarCity Corp. is offering five series of solar bonds for a combined maximum principal amount of up to $25 million. The offering comprises up to $5 million of each of 1.60% bonds, series 2015/C68-1, due 2016; 2.65% bonds, series 2015/C69-3, due 2018; 3.60% bonds, series 2015/C70-5, due 2020; 4.70% bonds, series 2015/C71-10, due 2025; and 5.45% bonds, series 2015/C72-15, due 2030. The bonds mature Aug. 6 of the specified year. The bonds are senior unsecured obligations of the company.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
SCTY:US $58.05 USD +2.02

SCTY Competitors

Market data is delayed at least 15 minutes.

Company Last Change
First Solar Inc $45.54 USD +2.16
Solar Power Inc $1.77 USD +0.01
SunEdison Inc $25.55 USD -0.25
SunPower Corp $28.24 USD +2.58
Vivint Solar Inc $15.70 USD -0.13
View Industry Companies
 

Industry Analysis

SCTY

Industry Average

Valuation SCTY Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 20.9x
Price/Book 7.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales 9.3x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact SOLARCITY CORP, please visit www.solarcity.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.